New research indicates that rising homeowners’ insurance premiums add to the financial burden of households struggling with mounting housing costs and could lead to mortgage delinquencies and even relocation.
Tag: Insurance
ICE Mortgage Monitor: Q4 Lending Climbs to 3.5-Year High; Servicer Retention Strengthens
Mortgage originations reached an estimated 1.44 million in the fourth quarter — the largest quarterly tally since Q3 2022 — as a surge in refinance activity drove lending to its highest level in three and a half years, according to the March ICE Mortgage Monitor report.
Neighbors Bank: Taxes, Insurance Average 21% of Homeowners’ Monthly Payments
Neighbors Bank, Columbia, Mo., released a new study finding that property taxes and homeowners insurance account for an average of 21% of monthly mortgage payments across U.S. metro areas.
Matic: Premium Growth Slowing, but Insurance Affordability Challenges Remain
Matic, Columbus, Ohio, reported that after a few years of significant rate increases, home insurance premium growth began to slow in 2025.
Property Insurance Makes Up 7% of Housing Costs in Big Metros, ValuePenguin Reports
Homeowners in the 50 largest U.S. metros now spend an average of 7% of their monthly housing costs insuring their homes, according to the latest ValuePenguin by LendingTree study.
Realtor.com: Recent, Prospective Homebuyers Stressed About Insurance Affordability
Realtor.com, Santa Clara, Calif., released a new survey finding that 75% of recent and prospective homebuyers believe homeowners insurance could become unaffordable for them.
Insurify: Hidden Costs Add More Than $21,000 Annually to Homeownership Cost
Non-mortgage expenses such as home and flood insurance and property taxes add more than $21,000 annually to the cost of homeownership on average, according to Insurify, Cambridge, Mass.
ICE Mortgage Monitor: Property Insurance Costs Continue to Grow
ICE Mortgage Technology, Atlanta, released its ICE Mortgage Monitor Report, highlighting a continued surge in property insurance costs.
Cotality: Taxes, Insurance Appear to Drive Some Increase in Serious Delinquencies
Cotality, Irvine, Calif., released a new report analyzing the effects of property taxes and insurance in states seeing upticks in serious mortgage delinquencies.
ValuePenguin: Two-Thirds of Home Insurance Policyholders Say Rates Rose Last Year
ValuePenguin, a division of LendingTree, Charlotte, N.C., found that two in three home insurance policyholders say their rates rose in 2024.